MICROECONOMICS
WORKBOOK
[Document subti tle]
Module # 1: Basic Economics
1. Compare and contrast the merits of socialist and capitalist systems. Where
do you feel America is on a spectrum of economic systems and where
should it be?
2. Research the field o

Hello, my names is Dustin. Working in the hotel industry, my clear communication skills have always
been my strong point. But of course, there is always room for improvement. Taking this course I hope to
gain a better understanding of the different forms

Dustin Bogs
8/7/16
Econ101
Supply and Demand Activity
When I saw that I had to play some game for a homework assignment to be honest I wasnt that
excited. But then, I started playing, and of course my salesmen personality came out. Needless to say, I
ende

ECON209(001,002) Principles of Macroeconomics
Fall 2016
Dr. Sevastianova
CONCEPTS REVIEW SHEET MIDTERM 2
CHAPTERS 5-8
Working age population: The working age population is defined as those aged 15 to 64
Labor force
Unemployment and the rate of unemploymen

PAYTON WHOBERRY
ECON209, Introduction to Macroeconomics
Instructor: Dr. Sevastianova
Due Date: October 9, 2016
HW 6
1. What has been the average annual growth in real GDP per person in the United
States over the last 100 years? Over the past 50 years, dur

Payton Whoberry
ECON209, Principles of Macroeconomics
Dr. Sevastianova
Due: 8/28/16
HW 1
In the weekly news coverage during the first week of class, what are some of
the economics related concepts or issues? Please state at least 3 economics
related issue

PAYTON WHOBERRY
ECON209, Introduction to Macroeconomics
Instructor: Dr. Sevastianova
Due Date: October 2, 2016
HW 5
1. Which of the following people are unemployed because of labor market mismatching?
a. Michael has unemployment benefits of $450 a week, a

Payton Whoberry
Kin 192
Wellness Reflection
Wellness reflection
On Saturday November 5th I completed a weight lifting session at my local gym. The
body parts I was employing that day were arms and the abdominal muscles in particular. I
was by myself and t

Monetary Policy Stimulation
Brooke Seng
The Federal Reserve Chairman Game does show how monetary policy is used to promote
economic growth and stability. The game shows how the federal funds rate affects the
unemployment rate and the inflation rate. The g

Interactive Supply and Demand Stimulation
Brooke Seng
During the stimulation about supply and demand actually showed me more than I thought
it would. Going into the game I didnt really have much of a strategy. I purchased
maximum amounts of everything the

Running Head: AD & AS Analysis Project
Brooke Seng
Economics 101
Professor Rhonda Upchurch
November 13, 2016
1
ASSIGNMENT 2
2
One period in history where the United States experienced an increase in inflation
was during The Great Inflation. This was the d

3910
When high-school and college graduates apply forjobs in the labor markets,
0 . Job applicants are the "sellers" while employers are the "buyers.
0 Job applicants and employers are both "sellers.
0 Job applicants and employers are both "buyers.
0 Job

Chapter 4 and 5 notes
What causes a change in market equilpriibrium?
A change in demand
A change in supply
Can the laws of demand and supply be repealed?
In some markets, the objective of politicians is to prevent prices from reaching the equilibrium pric

If at the point where MR=MC the firm incurs losses, in the short run the firm should: Continue
at its current output if P>AVC
As shown in exhibit 7-18 the perfectly competitive firm is in long-run equilibrium price of: 200
The marginal revenue of a price

Economic growth, an increase of real GDP, can be achieved in many ways. Some of these ways
include strong property rights, patents and copyrights, efficient financial institutions, literacy
and widespread educarion, free trade, and a competitive market sy

A nation that devotes more of its resources to the production of capital
goods is likely to:
Increase the slope of its production possibilities curve
Cause its production possibilities curve to shift outward
Decrease the slope of its production possibilit

National Budget Simulation Worksheet
1. The elderly will be affected the least by my chosen program
cuts, because Medicare and social security were not allowed
to be changed. I think the the budget cuts will affect everyone
in one way or another , but in

Alli McCollum
International Trade Simulation Assignment
3/4/16
I played the International Trade Simulation Assignment online, where I had to
choose an island and make trade and production choices for the island. The
goal was to get to an ideal level of sp

1/24/16, 8:54 PM
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of this book may be reproduced or transmitted without publisher's prior permission. Violators will be
prosecuted.
Page 168
SUMMARY
LO7.1

Alli McCollum
Atchade
ECON201
GDP Research Paper
1/24/16
Trends in Real GDP
Gross domestic product (GDP) is the market value of all final goods and
services produced (. GDP is a major, incredibly relied-on measure of the
economy. There are many factors th

National Budget Simulation Worksheet
Directions: Answer the questions below. Save your answers in
either doc or docx format. Submit this document through the
appropriate link in session 10. Your completed assignment should
be at least 250 words in length.